Canadian Pacific Kansas City (NYSE:CP) Upgraded at National Bank Financial

National Bank Financial upgraded shares of Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) from a hold rating to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Royal Bank Of Canada restated an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, March 27th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Citigroup increased their price target on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.80.

Canadian Pacific Kansas City Stock Up 1.7%

Shares of Canadian Pacific Kansas City stock opened at $81.49 on Wednesday. The company has a market cap of $72.71 billion, a price-to-earnings ratio of 25.23, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company’s 50 day moving average is $82.21 and its 200 day moving average is $76.58. Canadian Pacific Kansas City has a twelve month low of $68.42 and a twelve month high of $89.42. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the company earned $1.29 EPS. Research analysts anticipate that Canadian Pacific Kansas City will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.74%.

Institutional Trading of Canadian Pacific Kansas City

A number of hedge funds and other institutional investors have recently modified their holdings of CP. Prosperity Bancshares Inc purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $26,000. Gilpin Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $29,000. Caldwell Trust Co purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter worth $30,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.